clock menu more-arrow no yes mobile

Filed under:

Look what happened to grocery stocks after Amazon announced it’s buying Whole Foods

Their stock isn’t looking so fresh.

Rani Molla is a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.

Amazon’s acquisition of Whole Foods is great for Whole Foods and bad for every other supermarket. The $13.7 billion deal — Amazon’s biggest buy yet — has sent Whole Foods’ stock up $9 or 28 percent today, compared with yesterday’s closing price.

For contrast, Costco’s stock is down $10 or nearly 6 percent. Stock prices are also down for Kroger, Walmart, Target and SuperValu.

This article originally appeared on